The sale of a three-bedroom apartment at Sheares Ville, a freehold condo at Holt Road off Jervois Road in District 10, has been recorded as the most profitable condo resale transaction during the week of March 28 to April 4. This 2,626 sq ft unit on the first floor fetched a whopping $3.56 million ($1,355 psf) that had originally been purchased for $1.55 million ($590 psf), resulting in a profit of $2.01 million or 130%.

At Kensington Park Condominium, a 1,668 sq ft unit on the ninth floor was sold for $2.7 million ($1,618 psf), thus raking in a profit of $1.77 million for the seller. They had bought this unit for $935,000 ($560 psf) in October 1999, making a 189% profit over 23½ years. This marks a new psfprice high for Kensington Park, surpassing the previous record of $1,448 psf from January 2022.

Conversely, the most unprofitable transaction of the week was seen at Marina Bay Residences. A 710 sq ft unit on the 41st floor was sold at $1.51 million ($2,125 psf) on March 30 – a loss of $90,000 (5.6%) for the seller, who purchased the unit in February 2018 for $1.6 million ($2,252 psf).

Sheares Ville is a 65-unit apartment that was completed in 2003. It has three- and four-bedders ranging from 1,399 to 2,626 sq ft, as well as three penthouses of 4,392 to 4,768 sq ft. Located along Holt Road, it sits directly across from the Malaysian High Commission and the exclusive Jervois Road neighbourhood.

CapitaLand to redevelop former JCUBE site in Jurong East into J’den Condo, with residential and commercial space set to launch in 2023. Price tag of S$2,000-2,100 psf expected, with 375,000 sqm GFA of complementary uses such as retail, J’Den Condo hotel or community from neighbouring white site.

Kensington Park is a 999-year leasehold development located on Kensington Park Drive, off Serangoon North Avenue 1. Built in 1990, it has 314 units in three high-rise and three low-rise blocks situated on 491,000 sq ft of land. In February, the owners launched the condo for collective sale at $1.28 billion and it is the third such attempt.

Marina Bay Residences is a 99-year leasehold project built by Keppel Land, Hongkong Land, and Cheung Kong Holdings in District 1. Completed in 2010, it consists of 428 units, ranging from one- to four-bedroom apartments of 710 to 2,379 sq ft, as well as nine penthouse units of 3,606 to 4,672 sq ft, and a triplex penthouse unit of 11,011 sq ft.